New homes

In this post, I want to let you know about why a real estate agent can help you find the perfect home. It can be new or used. When it comes to new homes, you may not think that an agent can help. This is false as agents can still give you sound advice based on their experiences.

This advice can be referrals to mortgage professionals that can get you great deals. This advice can come in the form of getting you a great lawyer. All of these things add up, and an agent can help you make the biggest purchase of your life. Did you know that it is valuable to get a home inspector? Do you know a good one? Maybe you should talk to a real estate agent.

Something you should know is that some builders will pay the agent's commission or at least a part of it. When you deal with an agent, be sure you understand how he or she gets paid. If you don't, an agent may not have your best interest in mind. Buying a new home can be a great way to find your perfect home. There's a bunch you need to know and if you want to discuss some options, I'm all ears.

Market still warm

Although the mad rush to get things done before July 1 had passed, the market is still pretty warm. From other agents, home inspectors and mortgage specialists, the market still seems pretty active. There are pockets of really hot activity and pockets of no activity, but all in all the market in Ottawa seems pretty good.

As a side note, fixed mortgage rates have dropped. I've seen posted 5 year rates under 4%. I'm still a fan of variable rates as those rates have historically outperformed fixed rates. Variable rates have dropped as well, not as a result of prime going up, but as a result of the market trying to remain competitive. Prime -.7% seems to be out there for the right buyer.

Of course, please consult your own financial advisor about what kind of rate you should acquire for your personal needs. If you are tight on cash, you may want to play it safe and fixed your rates.

10 things you may or may not know about me

1. I've been skydiving.
2. I have my grade 4 in piano.
3. Sabo un poco espanol, et francais.
4. I can play trumpet and flute.
5. I'm a Chartered Accountant.
6. I once sued Martha Stewart, The Bay and Zellers.
7. I have my real estate licence.
8. I own 3 properties, but still rent.
9. I was voted most likely to be prime minister in high school.
10. I once showed up to "dress-up day" at school as a gorilla, not in a suit or dress like every other classmate.

Feathersold!

I want to extend my congratulations on Derek Storie's first home purchase. He found a beautiful urbandale home in Bridlewood. The house was in top condition and we managed to get a good price for Derek. Derek had been in the market for a little while, so now he can rest easy. FEATHERSOLD!